By: Patrick McRae – Grain markets fell for the day after the muted reaction from the USDA’s report. The market is still dealing with demand removal from tariffs and the trend selling has shown no signs of stopping. Soybeans spike low of $7.70 in 2009 for the front month might…
Commentary
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished higher after today’s USDA report. Let’s get into the numbers: Starting with domestic corn, the USDA left yields unchanged, but production was raised 190 million bushels due to the 1.1 million acre increase in harvested area. It’s fairly unusual to see a 1.1 million…